Inspirisys Solutions Limited (BSE:532774) announced a private placement of 5,625,000 shares at a price of not lower than INR 52 per share for minimum gross proceeds of INR 292,500,000 and not higher than INR 57 per share for maximum gross proceeds of INR 320,625,000 to existing investor CAC Holdings Corporation (TSE:4725) on May 9, 2019. The transaction is subject to shareholders approval.